Our Law Blog - Koch & Associates P.C. Attorneys At Law

May 17, 2022 Uncategorized

Can I Take on Someone Else’s Debt?

If a loved one has a debt they’re unable to pay, you may be considering helping them out. But you might be wondering—is it really possible to transfer a personal loan to someone else? Unfortunately, it is not possible to completely transfer a loan to another person, or to yourself. However, there are a few options available to you if you’d like to start making payments on their behalf. Keep reading to learn the steps you’ll need to take to...

April 11, 2022 Uncategorized

What to Ask an Estate Planning Attorney – 4 Crucial Questions

Estate planning is an important step, so it’s crucial that you trust the process to someone who’s qualified and has your best interests at heart. In this blog, we’ll guide you through the most important questions to ask your attorney during an initial consultation. Questions to Ask An Estate Attorney Schedule a Consultation with a Qualified Estate Planning Attorney If you’re considering estate planning, turn to the experts at Koch & Associates P.C. Attorneys at Law. Our attorneys have over...

March 4, 2022 Uncategorized

Can I Declare Bankruptcy at a Young Age?

Many people assume that those who file for bankruptcy are all middle-aged or older. While many older people do file for bankruptcy, just as many young people do as well. Student loan debt and high credit card debt often contribute to millennials (and even some Gen Zs) investigating this route. We’ve put together some legal advice to help you decide whether bankruptcy is a good choice for you and to explain how the decision can affect your future. Am I...

January 24, 2022 Uncategorized

Loan Modification vs. Short Sale: Which is Better?

If you’re struggling to make payments on your home, or you’re simply looking to avoid financial hardship, you may be considering loan modification or a short sale. While both options can provide you with the financial relief you’re looking for, the choice that’s best for you will depend on your unique situation. Regardless of your circumstances, an experienced real estate attorney can help you make the best, most cost-effective decision for you and your family. Read on to learn more...

December 21, 2021 Uncategorized

Guide to Warranty Deeds in Illinois

A warranty deed is a legal document that a property owner signs in certain circumstances when transferring their property to a new owner. Warranty deeds are commonly used when selling residential, single-family property. Signing a warranty deed guarantees that the property being sold is legally yours to transfer, that it’s in the same condition as advertised, and that there are no undisclosed mortgages or liens tied to it. If any problems come to light with the property after signing the...

October 28, 2021 Uncategorized

Your Guide to Incapacity Planning and Why It’s So Important

Many people understand the importance of making a will. It’s a caring way to ease the burden of responsibility put on your loved ones after you pass on. However, few people take into consideration the chance that they may become incapacitated at some point in their life and be unable to care for themselves or make important decisions. For example, you could develop Alzheimer’s or dementia, sustain a serious injury, or develop a mental illness. Including a plan for incapacity...